An affiliate of Sun Capital Partners, Inc., a private equity firm, has closed its acquisition of substantially all the assets of Northern Wholesale Supply.
The Sun Capital affiliate also acquired the Northern Wholesale Supply, LLC trade name. The partnership will operate as Northern Wholesale Supply, LLC.
Northern Wholesale Supply was facing over $73 million in debts the company could not pay. On Nov. 26, a Minnesota state court district judge approved the company’s sale to the Sun Capital Partners affiliate.
Northern Wholesale Supply CEO Chad Smith said the partnership marks an exciting chapter for the aftermarket distributor’s business.
“With Sun Capital’s resources, we are not just continuing the legacy of the NWS business—we are elevating it,” Smith said. “Together, the team will drive the innovation and service that NWS’s customers and partners have come to expect.”
Northern Wholesale Supply offers a catalog of over 30,000 products.
Matthew Garff, Sun Capital Partners, Inc. managing director and partner, said, “Northern Wholesale Supply’s leadership in the RV, marine and powersport sectors is a testament to their dedication and innovation. We are thrilled to partner with the new business to unlock new opportunities and expand their impact.”
The company said it would focus on operational excellence, expanding proprietary product lines and exploring new markets.
Northern Wholesale Supply said the acquisition ensured preserving over 200 jobs.
